Articles
<![CDATA[Capital Market Reaction To The Announcement Of Fuel Price Increase On Stock Returns Of Lq 45 Transportation Sub-Sector In 2023 ]]>
<![CDATA[Erlina Erlina]]>;
<![CDATA[Nelly Meinissa Azahra]]>;
<![CDATA[Acep Komara]]>
<![CDATA[ Jurnal Ekonomi Teknologi dan Bisnis (JETBIS) Vol. 3 No. 3 (2024): Jurnal Ekonomi, Teknologi dan Bisnis ]]>
Publisher : <![CDATA[Al-Makki Publisher ]]>
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DOI: 10.57185/jetbis.v3i3.95
<![CDATA[The research was conducted to find out the reaction of the capital market to the rise in BBM in transportation and logistics sector companies listed on the Indonesian Stock Exchange. This study is an event study or event that arises directly from the rise in the price of oil (BBM) on October 1, 2023, against the market reaction based on the actions of transportation and logistics companies. Abnormal Return and Trading Volume Activity are variables used to analyze reactions. The data collection method used in this research is the Quantitative Data Method. Observations were conducted for 5 days before and 5 days after the BBM rise on October 1, 2023, using the Wilcoxon Signed Ranks test with a sample of 10 companies and a data test of 110. On the test results, there were abnormal differences in return and trading volume activity before and after the rise in BBM prices, the results could help market participants understand market dynamics, find investment opportunities, and manage risk. With a rise in sales, this means investors respond to events so that the markets react. The findings support the theory of signals because investors see the announcement of a BBM rise as a signal that can affect the stock price.]]>
<![CDATA[Factors Affecting The Use Of Accounting Information With Environmental Uncertainty As A Moderating Variable ]]>
<![CDATA[Diva Maulidah]]>;
<![CDATA[Lia Ristiani]]>;
<![CDATA[Alselina Saputri]]>;
<![CDATA[Acep Komara]]>
<![CDATA[ Jurnal Ekonomi Teknologi dan Bisnis (JETBIS) Vol. 3 No. 5 (2024): Jurnal Ekonomi, Teknologi dan Bisnis ]]>
Publisher : <![CDATA[Al-Makki Publisher ]]>
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DOI: 10.57185/jetbis.v3i5.109
<![CDATA[We realize that accounting information is very important for MSMEs today in the era of digitalization, where this research aims to obtain empirical evidence of variables that can influence it. The total research population was 50 MSMEs in the city of Cirebon and the sample was 40 MSMEs because of the population of 50 MSMEs that had used computerization, there were 40 MSMEs. The purposive sampling method was chosen to determine the sampling technique. The data analysis technique uses Moderated Analysis Regression (MRA). The conclusion that can be shown is as follows: the use of accounting information can be influenced by accounting knowledge or accounting training. The owner's education does not affect the use of accounting information. The use of accounting information can also be influenced by business size/scale of business. Environmental uncertainty can strengthen the influence of accounting knowledge on the use of accounting information. Environmental uncertainty cannot strengthen the effect of accounting training. The results of this research can be used as a reference for MSMEs to be motivated to use accounting information to improve MSME performance.]]>
<![CDATA[The Effect Of Current Ratio (CR) And Net Profit Margin (NPM) On Stock Price (Case Study Of Automotive Subsector Manufacturing Companies Listed On The Idx In 2020-2022) ]]>
<![CDATA[naellus saadah]]>;
<![CDATA[wulan alayda]]>;
<![CDATA[acep komara]]>
<![CDATA[ Jurnal Ekonomi Teknologi dan Bisnis (JETBIS) Vol. 3 No. 7 (2024): Jurnal Ekonomi, Teknologi dan Bisnis ]]>
Publisher : <![CDATA[Al-Makki Publisher ]]>
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DOI: 10.57185/jetbis.v3i7.114
<![CDATA[A profitable company's stock price will rise, and vice versa. The stock market price reflects the state of the business. Fundamental analysis is one kind of analysis that is done to understand how stock prices are formed. The purpose of this study is to analyze the factors that affect stock prices. In this study, the internal factors used are the Current Ratio (CR) and Net Profit Margin (NPM). Secondary data for this study comes from the annual or annual financial statements of companies listed on the Indonesia Stock Exchange (IDX) for the automotive manufacturing subsector from 2020 to 2022. The sampling method is purposive, which means that the sample is selected non-randomly, and adjusted to the problem or research objectives. This study uses secondary data in the form of annual financial reports totaling 11 samples from automotive subsector manufacturing companies listed on the IDX for the 2020-2022 period. The results showed that the Current Ratio (CR) regression coefficient value was -0.011. This shows that the Current Ratio variable has a negative and significant effect on stock prices. Net Profit Margin (NPM) of 0.522 indicates that the Net Profit Margin variable has a positive and significant effect on stock prices.]]>
<![CDATA[Analysis of the Effect of Receivables Turnover, Inventory Turnover, And Liquidity on Profitability with Company Size as a Moderation Variable in Food and Beverage Companies on the Indonesia Stock Exchange (IDX) for the 2021-2024 Period ]]>
<![CDATA[Muhammad Qolyuby]]>;
<![CDATA[Acep Komara]]>;
<![CDATA[Agung Yulianto]]>
<![CDATA[ Journal of Economics and Management Scienties Volume 8 No. 4, September 2026 (Accepted) ]]>
Publisher : <![CDATA[SAFE-Network ]]>
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DOI: 10.37034/jems.v8i4.507
<![CDATA[This study aims to analyze the effect of receivables turnover, inventory turnover, and liquidity on profitability with firm size as a moderating variable in food and beverage sub-sector companies listed on the Indonesia Stock Exchange (IDX) during the 2021–2024 period. This research employs a quantitative approach using secondary data obtained from the companies’ annual financial statements. The population consists of 44 companies, and purposive sampling is applied to obtain 16 companies as research samples over four years of observation, resulting in 64 data observations. Data analysis techniques include descriptive statistics, classical assumption tests, and Moderated Regression Analysis (MRA). The results indicate that receivables turnover has a positive and significant effect on profitability, suggesting that more effective receivables management enhances a company’s ability to generate profits. Inventory turnover does not have a significant effect on profitability, indicating that inventory efficiency does not directly contribute to profit improvement. Liquidity has a negative and significant effect on profitability, implying that excessively high liquidity may reduce the efficiency of asset utilization in generating profits. Furthermore, firm size is proven to moderate the relationship between receivables turnover and profitability as well as between liquidity and profitability, but it does not moderate the relationship between inventory turnover and profitability. This study is expected to provide practical implications for company management and investors in making decisions related to working capital management and financial performance.]]>
<![CDATA[Peran Moderasi Sistem Pengendalian Internal pada Akuntabilitas Keuangan BUMDes ]]>
<![CDATA[Devia Adinda Setiawan]]>;
<![CDATA[Acep Komara]]>;
<![CDATA[Salta Salta]]>
<![CDATA[ EKOMA : Jurnal Ekonomi, Manajemen, Akuntansi Vol. 5 No. 5: Juli 2026 ]]>
Publisher : <![CDATA[CV. Ulil Albab Corp ]]>
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DOI: 10.56799/ekoma.v5i5.19872
<![CDATA[Akuntabilitas keuangan yang relatif rendah pada Badan Usaha Milik Desa (BUMDes) dapat menimbulkan ancaman serius terhadap tata kelola organisasi maupun pembangunan desa. Penelitian ini menyoroti pentingnya penguatan integritas dan akuntabilitas keuangan BUMDes melalui peningkatan Kompetensi Sumber Daya Manusia dan penerapan Sistem Informasi Akuntansi yang efektif. Studi ini bertujuan menguji pengaruh Kompetensi Sumber Daya Manusia dan Sistem Informasi Akuntansi terhadap akuntabilitas keuangan BUMDes dengan Sistem Pengendalian Internal sebagai variabel moderasi. Penelitian menggunakan pendekatan kuantitatif melalui analisis Structural Equation Modeling berbasis Partial Least Square (SEM-PLS) dengan data kuesioner dari 34 BUMDes dan melibatkan 96 responden. Hasil penelitian menunjukkan bahwa Kompetensi Sumber Daya Manusia dan Sistem Informasi Akuntansi berpengaruh signifikan terhadap akuntabilitas keuangan BUMDes. Selain itu, Sistem Pengendalian Internal terbukti memperkuat hubungan antarvariabel independen terhadap akuntabilitas keuangan BUMDes. Temuan ini memberikan bukti empiris bahwa penguatan kapasitas SDM, dukungan teknologi informasi, dan efektivitas pengendalian internal menjadi faktor penting dalam meningkatkan transparansi, pertanggungjawaban, serta kualitas pengelolaan keuangan desa secara berkelanjutan.]]>
<![CDATA[U Ukuran Perusahaan Memoderasi Pengaruh Profitabilitas dan Likuiditas terhadap Harga Saham ]]>
<![CDATA[Teti Fitriansyah]]>;
<![CDATA[Acep Komara]]>
<![CDATA[ International Journal Of Humanities Education and Social Sciences (IJHESS) Vol 5 No 6 (2026): IJHESS JUNE 2026 ]]>
Publisher : <![CDATA[CV. AFDIFAL MAJU BERKAH ]]>
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DOI: 10.55227/ijhess.v5i6.2354
<![CDATA[This study aims to provide empirical understanding of the effect of financial performance, particularly profitability (ROA) and liquidity (CR), on stock prices, with company size as a moderating variable. This study uses a quantitative method with an associative causal approach. The research population includes transportation sector companies listed on the Indonesia Stock Exchange, and through purposive sampling, 15 companies were selected with a total of 45 observations during the 2022–2024 period. Data analysis was performed using Moderated Regression Analysis (MRA) with a Random Effect model and processed using STATA 17 software. The results showed that Return on Assets (ROA) had no significant effect on stock prices with a probability value of 0.644, while Current Ratio (CR) also showed no significant effect with a probability value of 0.351. Simultaneously, ROA and CR did not significantly affect stock prices, indicated by a Wald chi² probability value of 0.6132. However, company size significantly moderated the relationship between ROA and stock prices in a strengthening direction (p-value = 0.007), while company size weakened the effect of CR on stock prices (p-value = 0.000). These findings indicate that larger companies tend to strengthen investor confidence in profitability performance, whereas excessive liquidity in large firms may be perceived as inefficient asset management. This study shows that transportation companies need to optimize asset management efficiency and adjust liquidity strategies according to company characteristics to maintain stock value and increase investor confidence]]>
<![CDATA[The Effect of ROE, DER, and EPS on Stock Prices of IDX Energy Companies (2020–2024) ]]>
<![CDATA[Farhatul Azizah]]>;
<![CDATA[Acep Komara]]>
<![CDATA[ Indonesian Journal Economic Review (IJER) Vol. 6 No. 1 (2026): March ]]>
Publisher : <![CDATA[Divisi Riset, Lembaga Mitra Solusi Teknologi Informasi (L-MSTI) ]]>
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DOI: 10.59431/ijer.v6i1.752
<![CDATA[This study examines the effects of Return on Equity (ROE), Debt to Equity Ratio (DER), and Earnings per Share (EPS) on the stock prices of companies in the IDX Energy sector during the 2020–2024 period. The research is motivated by the high volatility in the energy sector due to the COVID-19 pandemic, post-pandemic recovery, and global commodity price fluctuations, which may influence investor responses to firm fundamentals.Using a quantitative approach, this study analyzes secondary data from 15 companies selected through purposive sampling, resulting in 75 firm-year observations. The data were analyzed using panel data regression.The results show that ROE and DER have positive but statistically insignificant effects on stock prices, while EPS has a positive and statistically significant effect. Simultaneously, all variables significantly affect stock prices, with the model explaining 56.45% of the variation.These findings indicate that EPS is the most relevant financial indicator in explaining stock price movements of IDX Energy companies during the study period.]]>
<![CDATA[EPS Moderating the Influence of NPM and ROE on Stocks ]]>
<![CDATA[Lusi Alfarenza]]>;
<![CDATA[Acep Komara]]>
<![CDATA[ Jurnal Ilmu Keuangan dan Perbankan (JIKA) Vol. 15 No. 2: Juni 2026 ]]>
Publisher : <![CDATA[Program Studi Keuangan & Perbankan, Fakultas Ekonomi dan Bisnis, Universitas Komputer Indonesia ]]>
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DOI: 10.34010/jika.v15i2.19796
<![CDATA[This study examines how stock prices in Indonesia’s mining sector are influenced by financial performance, particularly Net Profit Margin (NPM) and Return on Equity (ROE). The study tracks 17 carefully chosen companies listed on the IDX from 2022 to 2024 using Earnings Per Share (EPS) as a moderating variable, producing 51 observations. Statistical testing using Stata 17’s Moderated Regression Analysis (MRA). On the one hand, ROE significantly raises stock prices. Surprisingly, however, NPM exhibits a strong negative impact and pushes in the opposite direction. The information also demonstrates that EPS plays a crucial moderating role in effectively mitigating the relationship between NPM and market pricing. However, when examining ROE, this similar moderating impact vanishes. In the end, these observations provide investors and business executives attempting to identify the precise financial forces that shift shareholder value throughout Indonesia's unstable mining environment in recent years with a clearer road map. Keywords: EPS; NPM; ROE; Stock Price; Mining Sector]]>
<![CDATA[TURTLE CONSERVATION CAMPAIGN AS A TOURIST ATTRACTION FOR BALI ]]>
<![CDATA[Lisa Harry Sulistiyowati]]>;
<![CDATA[Siska Ernawati Fatimah]]>;
<![CDATA[Acep Komara]]>;
<![CDATA[M. Yudi Mahadianto]]>;
<![CDATA[Sanchita Saha]]>;
<![CDATA[Dien Noviany Rahmatika]]>
<![CDATA[ JOURNAL OF SUSTAINABLE COMMUNITY SERVICE Vol. 4 No. 2 (2024): MARCH ]]>
Publisher : <![CDATA[Transpublika Publisher ]]>
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DOI: 10.55047/jscs.v4i2.572
<![CDATA[Most sea turtle species around the world are threatened with extinction. The threat of sea turtle extinction is largely caused by humans for consumption, souvenirs, trade, medicine and religious activities as well as for commercial purposes such as the sale of eggs, meat and shells. This human behavior is threatening sea turtle populations. Preventing the decline of these threatened sea turtle populations requires changes in human behavior that are educated through conservation campaigns. This international service was carried out with the aim of recognizing local culture and local wisdom products and participating in painting traditional Thai pottery. This activity is a community service activity that collaborates between the Faculty of Economics and Business of Swadaya Gunung Jati University Indonesia, Panca Sakti Tegal University Indonesia, Suan Dusit University and Eastern Instutite for Integrated Learning in Management University India. Community service activities were carried out in Nong Nooch Thailand, with a total of 25 participants consisting of 10 students and 15 lecturers. Sea turtle conservation is one of the community's efforts to preserve the environment and sea turtle habitat for the survival of sea turtles]]>
<![CDATA[A DECADE MAPPING OF EDUCATOR WORK ENGAGEMENT IN INDONESIA: CRITIQUING THE MANAGERIALISTIC BIAS ]]>
<![CDATA[Rian Gunawan]]>;
<![CDATA[Acep Komara]]>;
<![CDATA[Gayatria Oktalina]]>
<![CDATA[ Berajah Journal Vol. 6 No. 4 (2026): Berajah Journal ]]>
Publisher : <![CDATA[CV. Lafadz Jaya ]]>
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DOI: 10.47353/bj.v6i4.741
<![CDATA[This study maps the intellectual evolution of educator work engagement research in Indonesia over the past decade (2014-2025) to critique the dominance of managerialistic perspectives. Using a Bibliometric-based Systematic Review approach, 57 reputable empirical journal articles were extracted from the Scopus database. Co-occurrence network analysis and thematic evolution mapping via RStudio and VOSviewer reveal a sharp structural fragmentation between teacher performance stressors and lecturer functional tensions. Qualitative synthesis identifies a three-phase evolutionary shift: from (1) normative operational compliance, (2) system justice prerequisites, toward (3) cross-sectoral innovation and mental well-being creation. Empirically, this study proves the existence of a managerial bias, where 63% of structural studies measure engagement purely for institutional accreditation targets, neglecting organic well-being preservation. This article proposes a Contextualized Engagement Evolution Model and formulates three moderated-mediation propositions for future research, recommending a recalibration of educational governance that not only demands innovative agility but also rehabilitates the psychological safety and spiritual meaning of educators.]]>
